Grayscale – a popular cryptocurrency asset manager – has now launched the Grayscale Smart Contract Platform Ex-Ethereum Fund. The fund includes exposure to a variety of cryptocurrencies that power major smart contract networks besides Ethereum.
Investing in Smart Contracts
As announced by Grayscale in a press release on Tuesday, the fund marks the firm’s 18th investment product, and third diversified fund offering. It adjusts its exposure to various cryptocurrencies using CoinDesk’s market cap-weighted Smart Contract Platform Select Ex ETH Index.
As of March 16th, the fund consisted of 24.6% ADA, 24.27% SOL, 16.96% AVAX, 16.16% DOT, 9.65% MATIC, 4.27% ALGO, and 4.06% XLM. This was based on the performance of each cryptocurrency at the time, though BNB and LUNA are notably absent.
“Smart Contract Platforms” are blockchains on which users can create open-source, self-executing code to power more creative, trustless transactions. This allows for a variety of decentralized appl
We współpracy z: https://cryptopotato.com/grayscale-launches-smart-contract-platform-fund/
